Eureka! The fix California needs is found...

California need not drown in debt and economic failure. So says Arthur Laffer, the happy advocate of a flat tax for California to solve the Golden State's ills.

We are inclined to favor a flat tax, as we've intimated and bellowed from time to time. And Laffer's new book, Eureka! How to Fix California, is a blueprint for replacing the existing state and local taxes with a single, 5.8-percent flat income tax on personal unadjusted gross income.

Laffer, whose famous Laffer Curve, inspired Ronald Reagan to cut taxes leading to booming economic growth and ironically greater government tax revenue, says in his book that by eliminating all those other taxes, including capital gains and progressive income tax rates, the result will be revenue neutral for government coffers.

Frankly, we'd like it even more if it meant less money for government coffers. But that's probably a different book.

For now, we're happy to peruse our new copy of Eureka! We'll be bringing readers more information on it soon. Perhaps its solutions can turn around this sinking state, and encourage Californians not to flee, as Laffer did to Tennessee when it became apparent former Gov. Arnold Schwarzenegger was more interested in popularity than in doing right.

Stay tuned... Perhaps an editorial is in the making.

=-=-=

{democracy:1584}

WRITE A LETTER TO THE EDITOR
Letters to the Editor: E-mail to letters@ocregister.com.
Please provide your name, city and telephone number (telephone numbers will not be published).
Letters of about 200 words or videos of 30-seconds
each will be given preference. Letters will be edited for length, grammar and clarity.

User Agreement

Keep it civil and stay on topic. No profanity, vulgarity, racial
slurs or personal attacks. People who harass others or joke about
tragedies will be blocked. By posting your comment, you agree to
allow Orange County Register Communications, Inc. the right to
republish your name and comment in additional Register publications
without any notification or payment.